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When to use fixed -order quantity model over fixed-time period model?

Anonymous

∙ 14y ago

Updated: 11/4/2022

Use the foq model when inventory is more important or expensive as you do not want to have stock out for this particular inventory whilst fop is used when inventory requires high maintenance costs

Wiki User

∙ 14y ago

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Related Questions

When to use fixed order quantity model over fixed time period model?

Use the foq model when inventory is more important or expensive as you do not want to have stock out for this particular inventory whilst fop is used when inventory requires high maintenance costs

What is production order quantity model?

Production Order Quantity (POQ) is a model that answers how much to produce and when to order. In this model, the materials produced are used immediately and hence lowering the holding cost that in Economic Order Quantity (EOQ).

How do you calculate the holding cost in the Economic Order Quantity (EOQ) model?

The holding cost in the Economic Order Quantity (EOQ) model is calculated by multiplying the holding cost per unit by the average inventory level. The holding cost per unit is the cost to store one unit of inventory for a certain period of time, and the average inventory level is half of the order quantity.

What is a marketing model?

The market clearing model is a model where prices adjust to equilibrating demand and supply meaning the quantity supply equals the quantity demanded. These models are useful for studying situations where prices are flexible.

The quantity of full employment in the aggregate supply aggregate demand model is similar to the conditions in which other model?

The quantity of full employment in the aggregate supply aggregate demand model is similar to the conditions in which other model. (Market Supply and Demand.)

What is a market-clearing model?

The market clearing model is a model where prices adjust to equilibrating demand and supply meaning the quantity supply equals the quantity demanded. These models are useful for studying situations where prices are flexible.

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The first American automobile to be produced in quantity was the?

T MODEL FORD

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The market clearing model is a model where prices adjust to equilibrating demand and supply meaning the quantity supply equals the quantity demanded. These models are useful for studying situations where prices are flexible.

In the Bohr model of the atom an electron in an orbit has a fixed .?

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What is the major difference between the Bohr model and the accepted atomic model?

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